Condor Gold PLC Director Share Purchase (4896Y)
December 06 2017 - 2:00AM
UK Regulatory
TIDMCNR
RNS Number : 4896Y
Condor Gold PLC
06 December 2017
Condor Gold plc
7(th) Floor
39 St. James's Street
6 December 2017 London
SW1A 1JD
Telephone +44 020 74932794
Fax: +44 020 74938633
Condor Gold plc
('Condor', 'Condor Gold' or 'the Company')
Director Share Purchase
Condor Gold (AIM: CNR; OTCQX;CNDGF) announces that it has been
informed today that on 17 November 2017, Jim Mellon, a
Non-Executive Director of the Company, purchased 50,000 ordinary
shares of 20p each in the capital of the Company ("Ordinary
Shares") at a price of GBP0.395 per Ordinary Share (the
"Purchase").
Accordingly, Jim Mellon now owns a direct and indirect aggregate
shareholding of 3,169,330 Ordinary Shares or 5.16% of the Company's
issued share capital. This represents a direct interest in
1,356,108 Ordinary Shares and an indirect interest in 1,813,222
Ordinary Shares held through Galloway Limited. Galloway Limited is
wholly owned by Burnbrae Group Limited which is, in turn, wholly
owned by Jim Mellon.
- Ends -
For further information please visit www.condorgold.com or
contact:
Condor Gold plc Mark Child, Executive
Chairman and CEO
+44 (0) 20 7493 2784
Beaumont Cornish Roland Cornish and
Limited James Biddle
+44 (0) 20 7628 3396
Numis Securities
Limited John Prior and James
Black
+44 (0) 20 7260
1000
Blytheweigh Tim Blythe, Camilla
Horsfall and Megan
Ray
+44 (0) 20 7138 3204
About Condor Gold plc:
Condor Gold plc was admitted to AIM on 31(st) May 2006. The
Company is a gold exploration and development company with a focus
on Central America.
Condor published a Pre-Feasibility Study ("PFS") on its wholly
owned La India Project in Nicaragua in December 2014, as summarized
in the Technical Report (as defined below). The PFS details an open
pit gold mineral reserve in the Probable category of 6.9 Mt at 3.0
g/t gold for 675,000 oz gold, producing 80,000 oz gold per annum
for seven years. La India Project contains a mineral resource in
the Indicated category of 9.6 Mt at 3.5 g/t for 1.08 million oz
gold and a total mineral resource in the Inferred category of 8.5
Mt at 4.5 g/t for 1.23 million oz gold. The Indicated mineral
resource is inclusive of the mineral reserve.
Disclaimer
Neither the contents of the Company's website nor the contents
of any website accessible from hyperlinks on the Company's website
(or any other website) is incorporated into, or forms part of, this
announcement.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulations, provides further detail in
respect of the transaction as described above.
Jim Mellon
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Jim Mellon
--- ------------------------ ------------------------------
2 Reason for notification
--- --------------------------------------------------------
a) Position / status Director
--- ------------------------ ------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------ ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Condor Gold plc
--- ------------------------ ------------------------------
b) LEI 213800PFKETQA86RHL82
--- ------------------------ ------------------------------
4 Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------
a) Description of 50,000 Ordinary shares of
the financial 20 pence each in Condor Gold
instrument, type plc
of instrument
Identification ISIN GB00B8225591
code
--- ------------------------ ------------------------------
Nature of the Purchase of new ordinary
transaction shares as described above
--- ------------------------ ------------------------------
c) Price(s) and Price(s) Volumes(s)
volumes(s) ------------ -----------
39.5 pence 50,000
------------ -----------
--- ------------------------ ------------------------------
d) Aggregated information n/a
--- ------------------------ ------------------------------
e) Date of the transaction 17 November 2017
--- ------------------------ ------------------------------
f) Place of the London Stock Exchange, AIM
transaction (XLON)
--- ------------------------ ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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